March 25, 2022
According to the business intelligence report titled ‘North America Portable Generators Market Size By Product (Conventional Portable Generator, Inverter Portable Generator), By Fuel & Power Rating (Diesel {< 20 kW, 20 kW - 50 kW, > 50 kW - 100 kW}, Gasoline {< 2 kW, 2 kW - 5 kW, 6 kW - 8 kW, > 8 kW - 15 kW}), By Phase (Single Phase, Three Phase), By End-Use (Residential, Commercial, Construction), Industry Analysis Report, Country Outlook, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2022 – 2028’, available with MarketStudyReport, North America portable generators market is slated to gather substantial returns through 2028.
Conclusive evidence by industry veterans states that frequent power outages due to increasing prevalence of natural calamities is a primary factor aiding the augmentation in North America portable generators market.
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Notably, portable generators are a pivotal part of everyday life as they are typically utilized to generate power in appliances or lights, enabling critical infrastructural facilities like hospitals, emergency response departments, water treatment plants and
telecommunication to continue functioning without power disruptions.
Besides, stringent environmental regulations along with rising customer inclination towards reduction in energy costs, energy efficiency, and adoption of cleaner sources have amplified product demand in the recent years. On the other hand, mounting manufacturing expenses and safety concerns may negatively impact industry expansion in the forthcoming years.
Moving on to segmentation, the industry is bifurcated in terms of product, fuel & power rating, end use and country.
Based on product type, North America portable generators industry from conventional portable generator segment is expected to showcase a robust growth rate throughout the forecast period owing to escalating consumer dependency on electrical backup solutions for ensuring uninterrupted day-to-day activities.
In terms of fuel & power rating, <20kW diesel segment is estimated to showcase a strong growth rate in the ensuing years, attributable to increased customer preference towards small and low power generator sets.
Meanwhile, the <2kW gasoline segment is expected to garner notable returns by 2028, chiefly on the back of burgeoning electricity demand from commercial as well as residential sectors.
Speaking of end user scope, the residential segment is anticipated to showcase a considerable growth rate during the forecast timeline due to population boom and unreliable grid infrastructure.
The competitive landscape of portable generators market in North America is majorly influenced by prominent players such as Wacker Neuson SE, Caterpillar Inc., Cummins Inc., A-iPower Corp., Honda Motor Co. Ltd, Champion Power Equipment, and Yamaha Motors Co. Ltd.